Toys “R” Us Lets Customers Off The Hook For Layaway Fees

Toys “R” Us may just make some parents’ holiday dreams come true
this year with the announcement of its 2012 layaway option.

The company shared on Monday that it plans to eliminate its
upfront fees, providing customers with a new
free Toys “R” Us layawaycredit program.

No-Cost Toys “R” Us Layaway Plan

In the wake of the still-struggling
economy, many stores with
layaway options are pushing their programs in hopes
of acquiring customers who want to begin racking up gifts for the
holidays. Not planning on being left behind, the Toys “R” Us
layaway option has upped the ante by dropping upfront fees for
the service.

According to the company’s announcement, the free layaway will
apply to a variety of its products, including toys, swing sets
and video games. However, customers will not be able to place
select items on layaway, such as clothing, drinks, diapers,
batteries and “holiday-related items.”

This disclaimer is not uncommon as other stores with
layaway have placed restrictions on eligible layaway purchases,
as well. Recently, Wal-Mart announced its own layaway plan,
beginning on September 16 and, like Toys “R” Us, Wal-Mart stores will not be
including clothing in its layaway program.

Free Layaway Program Offered through October 31

As a part of the free Toys “R” Us layaway option, shoppers
will be able to secure the product they want by making a
20-percent down payment.

After the initial down payment is made, they will be
required to pay 50 percent of the total price within 45 days and
have the product paid in full by December 16.

To those interested in taking advantage of this plan, there is a
catch. Only approved items put on layaway by the end of October
will avoid upfront fees. After this date, customers may still
place items on layaway, but will be charged the standard $5
service fee.